The Board resolution dated June 22, 2023, the BOD of Orient Commercial Joint Stock Bank approved the plan for bond private placement with details as follows:
- Issuer: Orient Commercial Joint Stock Bank
- Bond type: non-convertible bond, secured and without warrant
- Par value: VND1,000,000,000,000/bond
- Issuance volume: 26,000 bonds
- Total value of issuance (at par value): VND26,000,000,000,000
- Term: 01 year
- Bond form: book entry
- Purpose: the proceeds from the issuance will be used to lend, invest or use for the other purposes in accordance with the law.
- Number of issue phases: 15 batches, including:
|
Estimated batch
|
Estimated volume (bond)
|
Estimated value (billion dongs)
|
Estimated time
|
Plan for using capital
|
|
1
|
1,500
|
1,500
|
Quarter 2/2023
|
The proceeds from the issuance will be used for the above purposes.
|
|
2
|
1,500
|
1,500
|
|
3
|
2,000
|
2,000
|
Quarter 3/2023
|
|
4
|
2,000
|
2,000
|
|
5
|
2,000
|
2,000
|
|
6
|
2,000
|
2,000
|
|
7
|
2,000
|
2,000
|
|
8
|
2,000
|
2,000
|
|
9
|
2,000
|
2,000
|
Quarter 3/2023
Quarter 3/2023
|
|
10
|
2,000
|
2,000
|
|
11
|
2,000
|
2,000
|
|
12
|
2,000
|
2,000
|
|
13
|
1,000
|
1,000
|
|
14
|
1,000
|
1,000
|
|
15
|
1,000
|
1,000
|